StockMarketWire.com - Savannah Resources announced further encouraging results from the ongoing reverse circulation (RC) and diamond drill (DD) programme at the Mina do Barroso lithium project, located in Portugal.

A total of 192 holes for 16,222m have now been drilled to date across three primary targets of Grandao, Reservatorio and NOA.

HIGHLIGHTS:

- Ongoing RC and DD at the Grandao and Grandao Extended Deposits has identified further significant expansions to the mineralised pegmatite bodies

- Drilling at Grandao Extended has identified a significant extension to the known mineralised pegmatites supporting the excellent potential for further increases in the existing 14Mt @ 1.1% Li₂O Mineral Resource Estimate

Key results include:

Grandao and Grandao Extended

- 25.15m at 1.38% Li2O from 96.85m in 18GRARC76 diamond tail

- 41.35m at 1.30% Li2O from 103m in 18GRARC80 diamond tail

- 14.4m at 1.57% Li2O from 148.60m in 18GRARC81 diamond tail

- 47m at 1.35% Li2O from 66m in 18GRARC105

- 30m at 1.33% Li2O from 45m in 18GRARC106

A second diamond drill rig is now on site to support the fast-tracked Feasibility Study, which is now underway and being undertaken by Perth based lithium specialist, Primero Group

Phase 3 of the metallurgical test work programme continues to progress well.

Savannah CEO, David Archer said: "The drill programme continues to produce outstanding results both in terms of widths and lithium grades.

"Zones in the main Grandao Deposit are thickening and drilling is also extending the deposit down dip, giving us confidence of the potential to increase the project's mineral resource estimate.

"Mina do Barroso has developed at an exceptionally fast pace since the first hole was drilled on 24 July 2017.

"We have gone from a point of having no mineral resource estimate to having made one of Europe's most significant mineral discoveries of a mineral that is of vital and strategic importance to European industry."




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